Synopsys Initiates $200 Million Accelerated Share Repurchase Agreement
MOUNTAIN VIEW, Calif. -- Feb. 25, 2022 -- Synopsys, Inc. today announced that it has entered into an accelerated share repurchase agreement (ASR) with Wells Fargo Bank, NA to repurchase an aggregate of $200 million of Synopsys stock.
Under the terms of the ASR, Synopsys will receive an aggregate initial share delivery of approximately 520,000 shares, with the remainder, if any, to be settled on or before May 13, 2022, upon completion of the repurchases. The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on the average of Synopsys' daily volume-weighted average share prices during the repurchase period, less a discount.
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry's broadest portfolio of application security testing tools and services. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing more secure, high-quality code, Synopsys has the solutions needed to deliver innovative products. Learn more at www.synopsys.com.
|
Synopsys, Inc. Hot IP
Synopsys, Inc. Hot Verification IP
Related News
- Synopsys Initiates $200 Million Accelerated Share Repurchase Agreement
- Synopsys Initiates $200 Million Accelerated Share Repurchase Agreement
- Synopsys Initiates $175 Million Accelerated Share Repurchase Agreement
- Synopsys Initiates $100 Million Accelerated Share Repurchase Agreement
- Synopsys Initiates $100 Million Accelerated Share Repurchase Agreement
Breaking News
- Sondrel appoints Gareth Jones as VP ASIC
- Accenture Completes Acquisition of XtremeEDA to Expand Silicon Design Capabilities in Canada and US
- Xiphera's first financing round successfully completed
- Breker Verification Systems Joins RISC-V International as a Strategic Member to Drive Cache Coherency and SoC Integration Verification Methodologies
- 2022 a Focus for 12-inch Capacity Expansion, 20% Annual Growth Expected in Mature Process Capacity, Says TrendForce
Most Popular
- Weebit Nano tapes out ReRAM demo chip to SkyWater foundry
- Intel Foundry Services Forms Alliance to Enable Design in the Cloud
- Samsung Begins Chip Production Using 3nm Process Technology With GAA Architecture
- Synopsys and Arm Strengthen Partnership to Advance Next-Gen Mobile SoCs for Arm's Total Compute Solutions
- SiFive Expands Global Operations, Opens UK R&D Center in Cambridge
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |